HP Announces 50 Percent Improvement in Energy Efficiency of Products

NEW YORK -- HP today announced that the energy-reduction goals made by the company in 2009 have been met or exceeded more than nine months ahead of schedule.

HP also unveiled energy savings research and analysis showing that if all makes and models of printers, notebook and desktop PCs, displays and servers shipped in 2005 were recycled(1) and replaced with new HP energy-efficient models, customers could save approximately $10.4 billion in energy costs, and avoid more than 40 million metric tons of CO2 emissions within a year.(2)

The news will be shared with journalists, industry analysts and nongovernmental organizations gathering in New York City to celebrate the kickoff of the HP Unlocking Your Energy tour, a global initiative to demonstrate how energy efficiency, sustainability and profitability are compatible concepts for consumers and businesses. Following today’s New York event, the tour will continue with stops in San Francisco, Beijing, Hong Kong and London.

“We set a goal to reduce energy consumption of our products by 40 percent by the end of 2011 from 2005 levels,” said Engelina Jaspers, vice president, Environmental Sustainability, HP. “I’m pleased to report we’ve exceeded this goal, and that HP products today are, on average, more than 50 percent more energy efficient than they were five years ago.”

“The choices we make have an impact. For years, I’ve focused on using local, sustainable ingredients in my restaurants to support area farmers and help reduce my carbon footprint,” said Bayless. “Because our choice and use of technology plays into impact as well, I’m excited to get more productivity and creativity out of HP products that consume less energy and less counter space.”

“In fashion, sustainability and style are compatible concepts, and HP is showing that the same idea holds true for technology,” said Shahpar. “By using the most advanced tools for creativity and communication, it is truly possible to grow your brand and your product with less environmental impact. My new HP technology significantly reduces my energy use and allows me to be more productive, which increases the quantity of my work output and the quality of my work life.”(3)

The Unlocking Your Energy kickoff event includes a panel discussion with Chandrakant Patel, senior fellow and director of the Sustainable Ecosystems Research Group at HP Labs, and Kevin Gould, vice president of Research and Development and sustainability officer at Avaya, as well as Bayless and Shahpar. The panel will be moderated by Marc Gunther, contributing editor at FORTUNE magazine and senior writer at Greenbiz.com.

New HP solution decreases costs, advances sustainability practices

In conjunction with the Unlocking Your Energy kickoff event, HP introduced a new way for clients to stimulate business growth by optimizing energy consumption, reducing emissions and tapping into the information needed to best create a sustainable business future.

The HP Energy and Sustainability Management solution is designed to deliver a strategy, roadmap and implementation plan to transform the way energy and natural resources are used across an enterprise, the processes by which they are managed, and the business models needed to meet an organization’s demands.

HP is aligning itself with organizations that will enhance its services with key offerings for evaluating a client’s environmental impact and strategizing best practices going forward.

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.

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